The bill aims to revise the laws governing the Trades Education and Training Tax Credit by expanding the list of qualifying trades eligible for the credit. It grants the Department of Revenue the authority to further expand this list through its existing rulemaking powers. Additionally, the bill expresses legislative intent and extends the termination date of the tax credit program by two years, ensuring continued support for trades education and training.

To implement these changes, the bill amends Section 15-30-2359 of the Montana Code Annotated (MCA) and also amends Section 7 of Chapter 248 from the laws of 2021. The bill is designed to take effect immediately and includes provisions for retroactive applicability, allowing for the adjustments to be recognized from an earlier date.

Statutes affected:
HB0245_1.pdf: 15-30-2359
HB0245_2.pdf: 15-30-2359
HB0245_3.pdf: 15-30-2359
Amended: 15-30-2359
Introduced: 15-30-2359